Dive Brief: The Chief Financial Officer (CFO) of Kellanova, previously known as Kellogg Company, has resigned to join consumer health firm Kenvue as their top financial executive effective May 12, according to filings from both companies. Amit Banati, aged 56,…
Food News
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Key Points: Beyond Meat secures $100 million in funding from a plant-based nonprofit to address financial challenges. Unprocessed Foods provides debt financing in exchange for the option to purchase up to 12.5% of Beyond’s shares. Beyond Meat reports declining sales,…
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Ferrero, the maker of the iconic Nutella spread, is introducing a new version that includes peanuts for the first time in its 61-year history. The new Nutella Peanut spread combines the smoothness of the classic cocoa hazelnut spread with the…
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Food News
Leftovers: Ragù, Cheez-It debut frozen pizzas | Kraft Heinz takes on Uncrustables with PB&J Lunchables
Innovative Frozen Food Offerings Hit the Shelves Leftovers is our look at a few of the product ideas popping up everywhere. Some are intriguing, some sound amazing and some are the kinds of ideas we would never dream of. We…
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Summary: Archer-Daniels-Midland Co. CEO Juan Luciano stated that the ingredients business is “on the path to recovery” after facing challenges from a broad accounting scandal in the nutrition unit.broad accounting scandal. Luciano mentioned in an earnings call that demand for…
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The Weekly Sip is Food Dive’s column focused on the latest news in the rapidly changing and growing beverage sector. From inaugural product lines to big investments and controversial topics, this column aims to quench the thirst for developments in…
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Keurig Dr Pepper Offers Limited-Time Discounted Subscription Model for K-Cup Pods Keurig Dr Pepper has introduced a special discounted subscription model for its Keurig K-Cup pods in an effort to boost sales during a challenging time for the coffee industry.…
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Key Points: Hain Celestial is in search of a new CEO following Wendy Davidson’s departure. The company is conducting a comprehensive review of its portfolio to enhance value. Despite its focus on healthier foods, Hain has seen a decline in…
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Article Summary: Despite significant progress in increasing recycled content in plastic packaging, many consumer packaged goods companies are unlikely to meet their 2025 goals by the end of the year, as highlighted in a recent Ameripen report focusing on food…
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After Coca-Cola ceased production of Honest Tea three years ago, co-founded by Seth Goldman, the entrepreneur holds no grudge against the beverage giant. “People ask, ‘Are you angry at Coca-Cola?’ I reply, ‘How could I be upset?’ … I never…